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Squire Patton Boggs Wins International Arbitration for Slovak Republic

A team from Squire Patton Boggs has secured a significant victory for the Slovak Republic in EuroGas Inc. et al. v. The Slovak Republic at the International Centre for Settlement of Investment Disputes (ICSID).
The case, filed in 2014, was brought by alleged investors in the US, EuroGas Inc., and Canada, Belmont Resources Inc., against the Slovak Republic under the US-Slovak Bilateral Investment Treaty and the US-Canada Bilateral Investment Treaty. Their claim was that the Slovak Republic wrongfully terminated rights of their Slovak subsidiary, Rozmin s.r.o., to the largest talc mine in the world, located in Gemerská Poloma. Following a five-day hearing on jurisdiction and the merits in Paris in September 2016, the tribunal accepted Slovak Republic’s jurisdictional objections, concluding that it has no jurisdiction over the claimants\' claims, and issuing an award in favor of the Slovak Republic.

This is the second major investment treaty arbitration in which Squire Patton Boggs has successfully represented the Slovak Republic. The earlier case, Achmea B.V. v. The Slovak Republic (UNCITRAL), also resulted in a complete dismissal of claims against the Slovak Republic. The firm is now representing the client in a third major investment treaty arbitration in Spółdzielnia Pracy “Muszynianka” v. The Slovak Republic (UNCITRAL). The firm has also successfully represented other Eastern European countries in recent arbitrations. These include InterTrade Holding GmbH v. the Czech Republic (UNCITRAL), ECE Projektmanagement International GmbH v. the Czech Republic (UNCITRAL) and Phoenix Action Ltd. v. the Czech Republic (ICSID). A cross-border team represented the Slovak Republic in the EuroGas matter, comprising Stephen Anway (New York), David Alexander, Nick Zalany (Columbus), Rostislav Pekař, Maria Poláková, Matej Pustay (Prague), Tatiana Prokopová, Eva Cibulková (Bratislava), Raúl Mañón (Miami) and Alexis Martinez (London). Team leader Stephen Anway said: “We are delighted by this victory, which is the result of the outstanding work of lawyers from six different offices working seamlessly with an incredibly talented and dedicated client team at the Slovak Ministry of Finance.”

Squire Patton Boggs is one of the world’s strongest integrated legal practices with more than 1,500 lawyers spanning 46 offices in 21 countries in Europe, America, Asia and Pacific. In the Slovak Republic, Squire Patton Boggs is present through its Bratislava office that advises on regular basis established and emerging Slovak Republic-based and global companies on complex national and international transactions, regulatory matters and disputes.

For more information, visit www.squirepattonboggs.com/en/locations/bratislava.  
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